You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 1.0663 but consider reducing the size of your position as the price gets closer to that target.
Target: 1.0663 Entry: 1.0695 Stop: 1.0753
The movement of ASX 225 towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test
EURUSD is heading towards the support line of a Falling Wedge. If this movement continues, the price of EURUSD could test 1.0781 within the next 2 days. It has tested
Rising Wedge pattern identified on AUDUSD has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the